Verint Announces Plan to Separate into Two Independent Publicly Traded Companies
Verint Systems Inc. (VRNT)
Last verint systems inc. earnings: 3/31 04:05 pm
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US:NASDAQ Investor Relations:
verint.com/investor-relations/index.html
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Source: Business Wire
Also Announces $200 Million Minority Investment by Funds Advised by Apax Partners in Support of Verint’s Separation Plan; Additional $200 Million to Be Invested Post Separation New $300 Million Share Buyback Program Over Period Through Closing of Separation MELVILLE, N.Y.--(BUSINESS WIRE)--Verint® Systems Inc. (NASDAQ: VRNT), today announced that its Board of Directors has unanimously approved proceeding with a plan to separate Verint into two independent companies: one of which will consist of its customer engagement business, and one of which will consist of its cyber intelligence business. Verint expects to complete the separation shortly after the end of Verint’s next fiscal year ending January 31, 2021.“With our customer engagement business approaching $1 billion in annual revenue and our cyber intelligence business approaching $500 million in annual revenue, we believe the two independent, publicly traded companies will both benefit from the separation and be well positioned
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VRNT
Earnings
- 3/27/24 - Beat
VRNT
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- VRNT's page on the SEC website